Financial Calculators
Closing Cost Calculator
Buying a home involves more than just the purchase price; there are important closing costs to plan for.
My Closing Costs Calculator gives you a realistic, comprehensive picture of your closing expenses so you can budget with confidence before making your move.
Mortgage Payment Calculator
The size of your mortgage payment isn’t set in stone. You can increase or decrease your payment to fit your budget.
The Mortgage Payment Calculator helps you determine your mortgage payment for a new purchase or a renewal. It considers different scenarios so you can consider alternatives and do what’s right for you.
Land Transfer Tax Calculator
Any time you purchase a property in Canada you have to either pay land transfer tax or a land transfer fee, and it’s different for every province and sometimes within province.
The Land Transfer Tax Calculator helps you figure out the amount you need to pay at purchase for provincial and municipal Land Transfer Tax as applicable and considers rebates if you are a first time buyer.
Purchase Price Affordability Calculator
Don’t be house rich and cash poor. Discover the price you can prudently afford to pay for a home.
My Purchase Price Affordabiltiy Calculator enables you to see when the purchase price is affordable, when youare putting yourself at financial risk, and when a home is too expensive for you.
Cost of Borrowing Calculator
Most people shop mortgages by rate. That’s understandable… and incomplete.
To see the true cost of borrowing, you need to calculate your annual percentage rate (APR). That’s your true cost of borrowing!
Use my Canadian ‘Cost of Borrowing’ APR Mortgage Calculator to see how mortgages with the same have very different costs.
Renewal Comparison Calculator
Many people aren’t sure if it is worth the hassle to do the work to see if it makes sense to move their mortgage to another lender.
Lenders call this ‘friction’, and they count on your loyalty to make a lot of money from your reluctance to shop around. Let me help you! To see exactly how much it is worth it to make a switch… use my Renewal Comparison Calculator and see how much you’ll lose by NOT comparing mortgages.
Mortgage Affordability Optimizer
Optimize your mortgage’s affordability so you can have more cash at the end of every month for living costs, retirement planning, and education savings.
My Mortgage Affordability Optimizer enables you to manipulate mortgage attributes so you can optimize the affordability of your mortgage to fit into your budget in a way that makes sense for you.
Required Income Calculator
Discover the income you require to qualify for a given mortgage.
The Required Income Calculator helps you estimate how much gross annual income you would need based on current lending guidelines and the federal stress test. By entering your mortgage size, interest rate, property taxes, heating costs, and optional condo fees, you’ll discover how much money you need to be making.
Affordability Calculators
Financial Planners advise spending no more than 30% of your income on housing. If you spend more, you could be ‘house rich’ and ‘cash poor’ leaving you with no disposable income for retirement or educational savings.
My GDS Calculator enables you to discover how much of your income is going towards housing. My TDS Calculator enables you to know if you have too great a financial burden as it combines all your debt and your housing costs.
Bridge Loan Calculator
Buy a new home before your current one sells, or take position of your new home to paint, clean, and upgrade before you leave your present home.
A bridge loan helps you have possession of two properties for a short time.
Use my Bridge Loan Calculator to discover how you can affordably carry 2 homes for a short time to de-risk your transaction and improve your life.
Stress Test (Ratio) Calculator
Wondering if you can qualify for a mortgage under today’s federal rules? My Mortgage Stress Test Calculator takes the guesswork out.
Using both Gross Debt Service (GDS) and Total Debt Service (TDS) ratios, it shows your qualifying rate, the maximum housing costs you can afford per month, and the maximum mortgage amount you may qualify for. Best of all, it instantly tells you whether you pass the government’s stress test—so you can plan your home purchase with clarity and confidence.
Mortgage-Free Accelerator
Pay off your home faster and save tens of thousands, even hundreds of thousands on interest expenses. Get mortgage-free fast!
My Mortgage-Free Accelerator enables you to see how even small adjustments to your mortgage can help you achieve your goals more quickly and save you thousands of dollars.
Spousal Buy Out Calculator
Sometimes things don’t work out, but maybe you don’t want to sell your home. You may have kids to consider and don’t want to disrupt their lives.
Use my Spousal Buy Out Calculator to figure out how much it costs to go your separate ways, how much the departing spouse should get, how much the residing spouse will carry, and whether or not you can even afford to keep the house.
Flex Down Calculator
Sometimes you are so close to being able to buy a home you can taste it! If you have strong income and good credit, you can borrow the down payments funds.
Use my Flex Down Calculator to discover how much you can borrow to make homeownership accessible for you! Manipulate the variables until you have a strategy the puts you into the home of your dreams.
Mortgage Penalty Calculators
You break your mortgage whenever you want to do something differently during the term of the mortgage.
Whenenver you break your mortgage you have to pay a mortgage penalty. Thinking of refinancing, selling, or paying off yoru mortgage early? Use my Mortgage Penalty Calculators (Big Bank, Monoline, Alternative) to estimate the cost of breaking your mortgage.
Default Insurance Calculators
If your down payment is under 20%, you must pay Mortgage Default Insurance. This insurance protects the lender, not you, in case you default.
Use my Mortgage Default Insurance Calculator to determine the legally required default insurance premium when buying a home with less than 20% down or porting your mortgage to a new home and adding to your existing mortgage.
Reverse Mortgage Calculator
A Reverse Mortgage can help provide you with financial security or be used as part of a broader tax efficiency strategy.
Calculating how much you can get when you do a Reverse Mortgage depends not only on the amount of mortgage but the considerable setup costs as well. Use my Reverse Mortgage Calculator to obtain a reasonable range of proceeds you may be able to access through a reverse mortgage.
Reverse Mortgage Budgeting Planner
Perform a long-term sustainability simulator to see the forces that impact your financial well-being over time.
Use my Reverse Mortgage Budgeting Planner to model different ways of taking out equity, plan for the long term, and measure financial risk.
Prime Rate Change Calculator
You have a variable mortgage, and the Bank of Canada changed the prime rate. How much does this impact your variable mortgage?
Or maybe your contemplating a variable rate mortgage, but need to know how much of a change in Canada’s prime rate you can handle.
Use my Prime Rate Change Calculator to find out.
Credit Limit Impact Calculator
Every time you get on the phone with your bank or credit card company they work hard to persuade you to increase your credit limit.
What you don’t know is that the Credit Limit on your credit cards is hurting your ability to get a mortgage and afford the home your family needs.
Use my Credit Limit Impact Mortgage Calculator to discover how much.
Home Equity Access Calculator
You have the money; your problem is access.
My Home Equity Access Calculator helps you model how much equity you may be able to unlock through a refinance, HELOC, second mortgage, or alternative/private lending solution, while showing you the real trade-offs: loan-to-value limits, costs, payment changes, and amortization impact.
Use my Home Equity Access Calculator to find out.
Debt Consolidation Calculator
When large, unexpected expenses leap out of no where, people can be overwhlemed by debt very quickly.
Debt consolidation is a practical way homeowners can consolidate their high interest debt and greater lower their monthly interest cost.
Use my Debt Conolidation Calculator to discover how much consolidating debt can save you!
Mortgage Discharge Calculator
To remove a mortgage from the title of your property in Canada, you must pay a discharge cost.
How much you have to pay to remove a mortgage from title depends heavily on the type of lender you have your mortgage with and if you have a collateral mortgage or a standard mortgage. Use my Mortgage Discharge Calculator to obtain an estimate of your mortgage discharge cost.
Disclaimer
The mortgage calculators provided on this website are for general informational and illustrative purposes only. The results generated are based on user-entered information and standardized assumptions regarding interest rates, amortization periods, debt service ratios, stress test requirements, property taxes, and other inputs.
These tools do not constitute financial advice, mortgage advice, a mortgage approval, or a commitment to lend.
Actual mortgage qualification and terms depend on many factors, including but not limited to:
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Verification of income and employment
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Credit history and credit score
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Existing debt obligations
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Down payment source and documentation
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Property type and location
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Applicable federal and provincial regulations
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Specific lender underwriting policies and guidelines
Lender policies and regulatory requirements may change without notice and may differ between financial institutions. As a result, the outcomes produced by these calculators may not reflect the final mortgage approval amount, interest rate, product structure, or conditions offered by a lender.
For advice tailored to your individual circumstances, please consult with me.
Mortgage services are provided in accordance with applicable provincial legislation, including the Mortgage Brokerages, Lenders and Administrators Act, 2006 (Ontario) and regulated by the Financial Services Regulatory Authority of Ontario (FSRA) where applicable.
Currency Converter
Any foreign asset, liability, and income amounts must be converted to Canadian funds using the Bank of Canada’s Currency Converter. The conversion rate is to reflect the date of application entry. Document the date, the exchange rate used, the original amount in foreign currency, and the converted amount in Canadian dollars.
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Access & Consolidations
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